Skip to main content

The Small Business Cashflow Scheme (SBCS) was introduced to support small to medium businesses and organisations struggling with a loss of actual revenue due to COVID-19. Applications closed on 31 December 2023.

We administer the payments and repayments of this scheme. If your business or organisation is eligible and you submit an application through myIR, you may be entitled to a loan.

In February 2022, the Government announced that the SBCS base loan would increase to $20,000 (from $10,000). This means that for new loans the amount that can be borrowed will be $20,000, plus $1,800 per full-time equivalent employee (up to 50 employees). The loan repayment period remains 5 years (60 months).

Existing borrowers will also benefit from this change as they can apply for a top-up loan of $10,000, plus any amount they were eligible for but did not take in their first loan. Applications opened on 21 March 2022.

The first 2 years of existing and new loans will be interest-free as long as the loan is not in default. Interest will apply at a rate of 3% per year on the remaining loan balance from the first day of the third year of the loan period.

This change took effect from 21 March 2022.

Received the SBCS loan and now think you were not eligible?

If you received the SBCS loan and were not eligible, or an event of default has since occurred, you need to let us know as soon as possible. The easiest way to let us know is in myIR.

  • From the SBCS account, click ‘more…’
  • Click ‘Send a message’
  • Under the Category heading select ‘Other’ In the subject box, please type ‘SBCS disclosure’

We will be in touch if we require any other information.

Last updated: 19 Feb 2024
Jump back to the top of the page